The WACC of Lincoln National Corp (LNC) is 8.0%.
| Range | Selected | |
| Cost of equity | 12.00% - 15.60% | 13.80% |
| Tax rate | 12.10% - 14.80% | 13.45% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.4% - 8.7% | 8.0% |
| Category | Low | High |
| Long-term bond rate | 4.2% | 4.7% |
| Equity market risk premium | 5.0% | 6.0% |
| Adjusted beta | 1.57 | 1.74 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 12.00% | 15.60% |
| Tax rate | 12.10% | 14.80% |
| Debt/Equity ratio | 1.56 | 1.56 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.4% | 8.7% |
| Selected WACC | 8.0% | |